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Comparison Of Ronald Reaganomics And The Conservative Revolution

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“I hope you’re all Republicans” (“Ronald” 4), were the words of Ronald Reagan as he was joking with his doctors after getting shot shortly after his inauguration. Evidently, most Americans were Republican in the 1960s and 1970s. Ronald Regan played a big factor in the swing of the U.S. public opinion. Clearly, Reagan was a strong representative of the Conservative side. He was able to improve the plagued economy, which he had inherited. Reagan being president was great for the Conservative side because he represented almost everything that it stood for. Reaganomics and the Conservative Revolution are important because they introduced the U.S. to massive tax cuts and a new form of Conservatism. The election of 1980 featured three presidential …show more content…

Conservatism really strengthened in the 1960’s and 1970’s. Richard Nixon and Gerald ford were able to draw people to the Conservative side. Ultimately, numerous Democrats and Moderates switched their political view to Conservatism and became Republicans. This movement dramatically weekend the liberal side. From 1968 to 1982, four out of the five presidents were republican. And the one Democratic president, Jimmy Carter, for that time period, only served one term. Obviously, Conservatism played a huge role in the U.S. at the time of Ronald Reagan's presidency. Ronald Reagan had the task of fixing one of the worst economies in U.S. history. According to the article “Ronald Reagan”, some of the economic problems during Reagan's early presidency included," double-digit inflation, declining wages and slow growth"("Reagan" 7). He turned to tax cuts in order to do the job. Regan believed that taxes were one of the biggest reasons for the awful economy of the U.S. He believed that by cutting taxes, he would drastically improve the economy of the U.S.. As stated in the article “Political Career and Presidency of Ronald Reagan” Reagan signed," into law his sweeping tax cuts and budget cuts."("Political" 2) on August 13th, 1981. At the time, his tax cuts were the biggest ever in U.S. history. Reagan was also against workers' unions. He realized that these unions

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